Daddy Warbucks Is in the Process of Adopting Annie from a New

question 54

Essay

Daddy Warbucks is in the process of adopting Annie from a New York orphanage. He pays $7,000 in 2018, and $7,500 in 2019. Daddy Warbucks' AGI for 2019 is $165,000.
​
a. How much is the adoption credit that Daddy Warbucks may claim for 2019 if the adoption becomes final in 2019?
b. How much is the adoption credit that Daddy Warbucks may claim for 2019 if the adoption becomes final in 2020?
c. How much is the adoption credit that Daddy Warbucks may claim for 2019 if the adoption falls through and is never finalized?

---

Definitions:

Jargon

Specialized language used by a particular group or profession that may be difficult for outsiders to understand.

Collaboration

The action of working with someone to produce or create something.

Nonverbal Communication

A form of communication that involves the transmission of messages without the use of words, using body language, facial expressions, gestures, posture, and tone of voice instead.

Connotative Meaning

The emotional and cultural associations attached to a word or phrase, beyond its literal dictionary definition.